General Motors (GM) Ventures, the corporate venturing division of the US-based automotive conglomerate, has invested $7.5m in US-based solar energy company Sunlogics. Sunlogics was acquired by the US-based publicly traded green energy company Salamon Group, in May.
The deal follows GM Ventures’ investment in a clutch of environmental energy-based firms, including US-based cleantech companies Sakti3, Envia Systems and Bright Automotive.
Alongside the funding, Sunlogics has signed a power purchase agreement to install solar panels at GM facilities and purchase the…
